Carrier Global Corporation Reports Strong Q3 2026 Growth Driven by Data Center Demand
Carrier Global Corporation (CARR) reported robust third-quarter 2026 results, highlighted by a 15% organic sales growth to $6.3 billion. The company saw massive momentum in its data center vertical, with orders surging 300% during the quarter and year-to-date orders exceeding $3 billion. A significant $3 billion agreement with a hyperscaler further underscores this demand, keeping the company on track toward its $2 billion full-year data center sales target. Despite strong top-line performance and an adjusted EPS increase of 30% to $0.87, the company faced several headwinds. These included input cost pressures from tariffs and commodities totaling up to $600 million for the year, as well as a $3.1 billion non-cash goodwill impairment charge related to its Climate Solutions Europe unit. However, record backlogs of over $8.5 billion and updated full-year sales guidance of nearly $24 billion suggest sustained long-term demand.
Tickers: $CARR
Topics: Adjusted EPS Data Center Orders Free Cash Flow Guidance Update Net Sales